July 15, 2010 — QuantaCool Corporation was awarded an Alternative and Clean Energy Technology Development and Commercialization Initiative (ACED) grant by the Ben Franklin Technology Partners of Southeastern Pennsylvania.

The ACED award recognizes the potential of QuantaCool’s MHPTM technology for improving the performance and reducing costs for concentrating photovoltaics (CPV), and will be used for the design and testing of CPV-ready MHP prototypes. The work will be carried out jointly with the Laboratory for Advanced Thermal and Fluid Systems at Villanova University, under the direction of Dr. Alfonso Ortega, James R. Birle Professor of Energy Technology and Associate Dean for Graduate Studies and Research.